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The library has several Books and eBooks on Funding yout Small Business. You can use any of the keywords below to help find pertinent titles in the library catalog.
Unless you are independently wealthy, one of the main questions for people interested in starting or growing a business is, "How do I get the money?" There are a variety of ways to raise capital to start or expand a business enterprise, and some common examples are personal funds, credit, crowdfunding, loans, grants, and private equity, which includes Venture Capital and Angel Investment. This guide will give you an overview of these common sources of funding. In addition to this, this guide will also show you library resources, including books, free websites, and organizations that can help you determine which funding sources are right for your business and where to look for potential funding sources.
Common Funding Terms
Definitions for these terms and more can be found in the NYCFundsFinder Glossary
Assets: Anything valuable your company owns that can be used in the future to generate revenues or be turned into cash. Some common asset types your company may have include accounts receivable, cash and equivalents, inventory, and property and equipment.
Balance Sheet: A statement of the assets, liabilities, and capital of your business at a particular point in time. A balance sheet statement is generally a great way to analyze your company’s financial situation. You can use a balance sheet to calculate various financial ratios that will give insights into company performance, liquidity, and solvency, and efficiency.
Cash Flow: The money flowing into and out of your business. Money in includes money from sales, owner investments, accounts receivable, or other categories. Money out are expenses such as manufacturing costs, shipping costs, license fees, and other charges. Calculating your cash flow helps you understand where your money is going and where it’s being well-spent.
Credit Score: A measure of credit risk calculated, using a standardized formula, by one of the three credit bureaus (Equifax, TransUnion, and Experian). Factors that can damage a credit score include late payments, absence of credit references, and unfavorable credit card use. Your credit score reflects your financial history. Factors like payment history, average account age and number of hard credit inquiries either boost or reduce your score. If you consistently make payments on time, your score will increase. If you pay your bills late or miss payments, your score will decrease.
Employer Identification Number (EIN): An EIN is a unique identification number that is assigned to a business entity so that they can easily be identified by the Internal Revenue Service. When you receive your EIN number a certiļ¬cate is mailed to your location.
Equity: How much value is left over once you have totaled up your assets and subtract your liabilities. Equity can be found on your company’s balance sheet and should be one of the most common pieces of data employed by your company to access its financial health.
Liabilities: Any debts your company has, whether bank loans, mortgages, unpaid bills, or any other sum of money your company owes someone else. Some common liabilities your company may have include accounts payable, bank loans, and salaries and wages payable.
Projections: Estimates the future financial performance of a business. Lenders use it to understand clients plans for success and review assumptions and compare to industry norms.
Working Capital: Working capital measures your current assets minus your current liabilities. The number can be positive or negative, depending on how much debt the company is carrying.
Small business specialist Elaine Pofeldt offers her blueprint for getting a running start with your microbusiness-that is, a business with no more than four employees, including yourself. Following her previous book, The Million-Dollar, One-Person Business, Pofeldt gives readers the steps toward their next entrepreneurial venture, including testing an idea's market viability while limiting risk, finding cash without giving up control, protecting your personal time and avoiding burn out, and knowing when it is time to start micro-scaling. Pofeldt's focus is always on staying lean financially and avoiding entanglements with employees, investors, or partners wherever possible so that you maintain your personal goals and identity.
Author of cult classics The Pumpkin Plan and The Toilet Paper Entrepreneur offers a simple, counterintuitive cash management solution that will help small businesses break out of the doom spiral and achieve instant profitability.
Creating, Planning, and Funding Your New Business is a comprehensive guide that will assist you in thinking, planning, funding, and preparing for the launch of your business
The venture capital world is often intimidating and hard to navigate, even for the most seasoned entrepreneurs.
Funding a Startup For Dummies drills down to the top question on the minds of entrepreneurs--where can you find the funds to launch your new business? Connecting the dots between your vision and the capital needed to make it happen can be one of the most challenging parts of entrepreneurship. This book helps you over that hurdle, giving you the essential information and advice you need to navigate the path from idea to execution of a business plan. Discover how to evaluate all the options available, from tapping into your own savings to traditional loans to newer options like crowdfunding.